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Created on: 2017-02-13 10:30:54
Last update: 2021-10-12 00:00:00
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About Instituto de Crédito Oficial (ICO)
The Instituto de Crédito Oficial (ICO) is a Spanish state-owned bank attached to the Ministry of Economic Affairs, Industry and Competitiveness via the State Secretariat for Economy and Enterprise Support. It has two functions: one as a credit institution and second as the State Financial Agency. The ICO Group also consists of Axis, a venture capital firm, and the Fundación ICO. ICO signed the Equator Principles in September 2016. BankTrack profiled this financial institution as part of our Tracking the Equator Principles campaign.
Paseo del Prado 4
José Carlos Garcia de Quevedo |
|Annual report||Annual integrated report 2020|
The Instituto de Credito Oficial is a public organisation and as such wholly owned by the Spanish state.
|Complaints and grievances||
ICO does not operate a complaints or grievances channel for individuals or communities who might have affected by its finance.
Stakeholders may raise complaints via the OECD National Contact Points (guidance OECD Watch).
Related Dodgy Deals
Dodgy Deals map
Tracking the Equator Principles
EPFIs reporting status
Project name reporting status of Equator Principles signatories for each financial institutions' most recent reporting period. Where there is no percentage presented the EPFI has not reported having financed any project transactions in that reporting period.
Equator Principles: New BankTrack database sheds light on patchy project name reporting
The Nauru files: cache of 2,000 leaked reports reveal scale of abuse of children in Australian offshore detention
Voluntary standardsInstituto de Crédito Oficial (ICO) has committed itself to the following voluntary standards:
ICO's webpage on corporate social responsibility can be accessed here.